An S Corporation May Be Subject to the Following Tax

question 56

Multiple Choice

An S corporation may be subject to the following tax.

• A)Built-in gains tax.
• B)Accumulated earnings tax.
• C)Personal holding company tax.
• D)Alternative minimum tax.
• E)None of the above is paid by S corporations.

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Definitions:

Reasonably Stable Patterns

Regular or consistent behaviors, thoughts, or emotions that remain relatively unchanged over time.

Personality

The combination of emotional, attitudinal, and behavioral response patterns of an individual that is distinct from one another.

Emotions

Complex psychological states that involve physiological arousal, expressive behaviors, and conscious experience.

Psychodynamic Theories

Theories that emphasize the influence of the unconscious mind and childhood experiences on personality and behavior.